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needs help and negotiation. >> with all the focus internationally -- you're joining us from paris today. what important policy issues is its crowding out? where should our focus be at the moment? >> well, of course it's crowding out the issue of how we deal with our friends in europe who are suffering terrible economic pressure. europe is in a drought of no growth, of high unemployment and of real concern about what they do about the eurozone, whether the eurozone itself will continue to hold together and be the right solution. this is an issue -- >> i was just going to say what is america's role here? why is this issue, what's happening in europe, something that should be more significant overseas? >> we're major trading partners with each other. europe is a source of american culture. source of america's most faithful allies. we cannot turn our back on europe and i don't think president obama has any attention of doing so. >> ron freeman, thank you very much for your time this morning. >> thank you, kelly. >>> plenty to get through. if you have any thoughts, you can e-mail us. as far
. giving up some of these gains. ftse 100 up 0.4%. xetra dax half a percent. sp spain and paris in green. greek almost down 2% with greek bank stocks leading the way lower. dallas fisher said the u.s. central bank must set limits on its monetary policy. the hawkish fisher warned the size of the fed asset purchase program is abnormal saying he opposes an extension of operation twist. the latest s&p case shiller index due later today is expected to show continued improvement for home prices in 20 major u.s. cities. providing further evidence of a long term rebound for the sector or sdw does it. our next guest is eric glean, chief of u.s. rates research and strategy at td securities. paul dale is also still with us. eric, good morning. first to you. tell us why you're concerned the housing recovery might not be for real. >> well, we have seen fits and starts in this recovery. i do think it is for really. we won't be seeing an upward move, but there are encouraging signs. we're seeing home prices improve across most regions of the company. inventories on a monthly basis are half of what they
. >>> welcome to "worldwide exchange." you're seeing live shots from paris where mario draghi is speaking at a conference. let's listen in. >> certainly there has been recent progress in the convergence of relative costs and internal and external imbalance and i want to say a few words about this progress because we also miss to acknowledge the positive things that have happened in recent months. is this reflects stronger policy as well as structural reforms. trade balances havele also improv improved. in most cases this improvement has resulted from a combination of a relatively strong export growth particularly in spain and portugal, and very weak or negative import growth notably in greece. the contraction of domestic demand continues to play a role in this adjustment. part of this is cyclical. but it also reflects rebalance from previously unsustainable domestic demand growth. demand has to be contained and sbla h supply has to be increased. supply adjustment takes more time. there are also signs that competitiveness gains have contributed to recent improvements in current
be tempted at some point if they see enough windows to go in. credit agricole shares are sinking in paris due to write downs on it assets in greece and other charges in italy, france and spain. the group had a loss of 2.85 billion euros, revenues down 32% after booking a charge of almost 2 billion euros on the sale of its greek unit. >>> stick around, because coming up in a little bit, german insurer allianz has maintained its 2012 targets despite super storm sandy. we'll speak to the cfo. >> plus coming up we bring you your very own blockbuster. [s #. >>> china releases improved economic data for october on the second day of the communist party congress. beijing inflation continues to cool. >> allianz maintains its full rear target despite super storm sandy on the back of solid quarterly results. we'll hear from the cfo. >> luxury goods make ir announces two ceos but admits to slowing asian sales. >> and credit agricole pays a steep price to exit greece as it takes a hit on the sale to alpha bank. >>> britain's trade deficit narrowed a little bit more than expected in september. third quarte
to flee the country because of the high income tax increase. stephane has more in paris. as we look at some pictures, how has this gone down in the rest of france? are they viewing this as a criticism of the french tax system or of him? >> it's all about francois hollande. he explained the policy of the government, including fiscal policy. there's not much room for depardieu this morning. but it's not a big surprise. it's one less paying taxes in france as a result of the new tax policy implemented by the socialist government. it's a report from the belgium newspaper, which is reporting that gerard depardieu brought a property in a small village located just by the french border, and plans to escape the tax implemented by the government. the mayor of the village was unable to confirm that gerard depardieu bought a home in the village. it wouldn't be surprising, though, because this small village already has a 27% french population. it's not glamorous like london, geneva or even monaco, but it would be the place to pay less taxes and being close to french border. he earned two millio
at the bourses. ibex 35 trying to buck the trend, but elsewhere seeing red, whether in paris, ex-extra dax down 0.4%, and we'll have plenty more in germany with silvia. we can take a look at the bond space and see a similar theme playing out. prices are falling, yields are rising. they've really maintained that one percentage point spread, but most back up to the psychological levels if nothing else. bunds 1.33%. it's extraordinary just what low levels we're seeing over here. quick look at forex. dollar-yen up three quarters of a percent there. again, on some of the political transition that may be happening in japan. euro-dollar is a little bit higher this morning, 1.2752. and a quick look at what's happening in the commodity space because yesterday this absolutely was the one to watch. on a day when we saw u.s. markets really falling on their face, we nevertheless saw increases in oil, not exactly what you like to see. has more to do with the violence we're seeing in gaza and we'll have plenty more on that story. we're seeing brent and nymex adding more. up 0.3% for brent. showing more of a rea
liquid in the eurozone. moody's joined s&p by stripping paris of its aaa rating citing growing about public debt levels and its diminished ability to withstand future euro area shock. bank of japan remains steadfast despite rising political pressure prompted by controversial comments from the likely next prime minister who has called for an unlimited amount of cash. he wants benchmark rates to come in below zero. but the bank of japan governor has dismissed those ideas. the chief said negative interest rates will lig early liquidity concerns in the market martin schultz is with us. thanks for joining us. is this a sign of things to come, a big standoff with japan? >> well, it's rather surprising that a hopeful government coming in is picking a fight with the bank of japan when they're starting off. what is happening here is that it seems that the ldp doesn't really have a growth strategy right now and the frustration in industry with the strong yen and slowdown in export is tremendous about that. >> big problems if we have unfettered money printing. would there be as he also says 30
, for more on this extraordinary tale, stephane joined us now from paris. is this as intrusive as it sounds? >> they are increasing the pressure to keep these furnaces in the northeast of france. however, francois hollande did use the same words as the industry minister earlier this week. the french industry minister said he was no longer welcome in france because of years of broken promises with the government. yesterday evening when he met with the ceo of the company, francois hollande urged the company not to shut down the furnaces in the northeast of france. he raised the possibility to temporary nationalize these activities, and he also asked to continue the negotiations until the deadline, which is set on december 1st, to find a potential buyer for these furnaces, which in total employees more than 600 people. in the meantime, the mayor of london couldn't miss such an opportunity to mock the french governmen government,. calling them a red call left wing movement during the french revolution in 1789. >> the french minister has been so eccentric as to call for a massive investor to dep
Search Results 0 to 7 of about 8